Most important, the long term uptrend was broken 2014 an unsuccessfully backtested 2016.
The converging trendlines indicate a price target of around 10 $. If they speak the truth, bulls will have to wait until 2020.
The central line of the pitchfork seems to be important given its multiple testing. At the moment it is the decisive borderline.
Perhaps Yellen induces a deflationary phase now, and the economic results will cause a restart of money printing on a larger scale in a few years. Then gold an silver might be the real winners (and cryptos, if the are able to survive, which is likely).
I think markets are seeing their tops for many years right now.
The converging trendlines indicate a price target of around 10 $. If they speak the truth, bulls will have to wait until 2020.
The central line of the pitchfork seems to be important given its multiple testing. At the moment it is the decisive borderline.
Perhaps Yellen induces a deflationary phase now, and the economic results will cause a restart of money printing on a larger scale in a few years. Then gold an silver might be the real winners (and cryptos, if the are able to survive, which is likely).
I think markets are seeing their tops for many years right now.